Israeli freelance services platform Fiverr International (NYSE: FVRR) has raised at least $120 million in its secondary offering on the NYSE. The company priced its shares at $60 per share and is issuing two million new shares. The net raise after underwriters' fees will be $133 million.
The underwriters have a 30-day option to buy an additional 300,000 shares, and if they take this up then the offering will raise an additional $18 million, bringing the total funds raised to over $130 million. The underwriters are JP Morgan, Bank of America, Citi, JMP, UBS, Needham, and Oppenheimer.
